Home Means Nevada Inc
- Assets
- $170.6k
- Revenue
- $441.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Las Vegas, NV
- Founding
- 08/2013
- Data as of
- 06/2024
- EIN
- 45-4412372
Organization Overview
Home Means Nevada Inc is located in Las Vegas, NV. The organization was established in 2013. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Home Means Nevada Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Means Nevada Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Home Means Nevada Inc generated $441.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $441.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (18.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
HOME MEANS NEVADA, INC. (HMN), A STATE AFFILIATED NONPROFIT ORGANIZATION, PROVIDES SYSTEMS, INFORMATION, AND OTHER ASSISTANCE TO ADDRESS THE CHALLENGES AND NEEDS OF DISTRESSED HOMEOWNERS AND RENTERS IN THE STATE OF NEVADA. HMN ADMINISTERS THE STATE'S FORECLOSURE MEDIATION PROGRAM, AS ESTABLISHED WITH THE PASSAGE OF SENATE BILL 490. SENATE BILL I, PASSED DURING THE 32ND SPECIAL SESSION OF THE NEVADA LEGISLATURE (2020), IMPLEMENTED A TEMPORARY RENTAL EVICTION MEDIATION PROGRAM. ON SEPTEMBER 29, 2020, THE NEVADA SUPREME COURT ADOPTED RULES FOR THE PROGRAM. ON OCTOBER 14, 2020, HMN WAS NAMED THE ADMINISTRATOR OF THE PROGRAM. ASSEMBLY BILL 486 PASSED DURING THE 81ST REGULAR SESSION OF THE NEVADA LEGISLATURE (2021), EXTENDED THE RENTAL EVICTION MEDIATION PROGRAM, AND ADDED A REQUIREMENT FOR HMN TO CREATE AN ELECTRONIC FORM FOR LANDLORD RENTAL ASSISTANCE PROGRAM THROUGH DESIGNATED SOCIAL SERVICES AGENCIES. THE RENTAL EVICTION MEDIATION PROGRAM CONCLUDED ON DECEMBER 31, 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME MEANS NEVADA (HMN) PERFORMS CERTAIN FUNCTIONS OF THE FORECLOSURE MEDIATION PROGRAM (FMP) FOR THE STATE OF NEVADA. HMN CREATES CERTAIN NOTICES THAT TRUSTEES MAY SERVE TO THE GRANTORS OF RECORD ON OWNER-OCCUPIED PROPERTIES. HMN PROVIDES TO THE TRUSTEE A CERTIFICATE IF PROPERTY IS AN OWNER-OCCUPIED PROPERTY AS DEFINED IN NRS 107.086(19)(D) AND SATISFIES THE REQUIREMENT FOR A CERTIFICATE AS SET FORTH IN NRS 107.086(4) OR (8) BECAUSE EITHER: (1) NO PETITION FOR MEDIATION WAS FILED; (2) THE PETITION FOR MEDIATION WAS DISMISSED, AND/OR, (3) A COURT ORDER WAS ISSUED DIRECTING THE ISSUANCE OF A CERTIFICATE. HMN PROVIDES TO CERTAIN PERSONS A COPY OF THE PETITION HMN RECEIVES TO PARTICIPATE IN MEDIATION BY CERTIFIED MAIL OR ELECTRONICALLY. HMN HAS DEVELOPED A PORTAL THAT CAN BE USED BY CERTAIN PARTIES IN ORDER TO FACILITATE THE FMP PROCESS FOR THE PARTIES INVOLVED. UPON COMPLETION OF MEDIATION THE DISTRICT COURT NOTIFIES HMN OF THE CASE OUTCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle D Crumby Ops Mgr | Officer | 40 | $75,988 |
Perry Faigin President | OfficerTrustee | 5 | $0 |
Shannon Chambers Member | Trustee | 2 | $0 |
John Mccormick Member | Trustee | 2 | $0 |
Jennifer Yim Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $440,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $440,118 |
| Total Program Service Revenue | $0 |
| Investment income | $969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $441,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,928 |
| Compensation of current officers, directors, key employees. | $7,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,672 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,576 |
| Payroll taxes | $12,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $410 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,332 |
| Information technology | $106,807 |
| Royalties | $0 |
| Occupancy | $25,260 |
| Travel | $718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,553 |
| Insurance | $53,079 |
| All other expenses | $0 |
| Total functional expenses | $441,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,538 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,360 |
| Net Land, buildings, and equipment | $3,742 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $170,642 |
| Accounts payable and accrued expenses | $650 |
| Grants payable | $0 |
| Deferred revenue | $140,392 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,860 |
| Total liabilities | $169,902 |
| Net assets without donor restrictions | $740 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $170,642 |